TDS on salary FY 2021-22

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Pivate
1486 Points Joined July 2019
Sir,

employee salary is Rs.240000/- per annual so TDS on applicable on salary or note
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On 28 March 2022 at 12:46 Report
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Chartered Accountant
973 Points Joined June 2014
No, as the salary per annum is below 5L, so TDS is not applicable.

for any details/queries you could contact caankithjain @ gmail.com.
1 Reply
On 28 March 2022 at 13:28
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3145 Points Joined November 2020
TDS is not applicable
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On 28 March 2022 at 13:29
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CFO- at NHTF
58280 Points Joined August 2012
2.5lacs is the basic exemption and rebate is applicable upto 5lacs..

Since the salary is below BEL , Tds is not applicable on your salary
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On 28 March 2022 at 13:51
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3145 Points Joined November 2020
Dear,eswar Reddy sir what is mean by carrying amount in accounting and also in PPE
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On 28 March 2022 at 13:53
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CFO- at NHTF
58280 Points Joined August 2012
PPE means Property Plant and Equipment. Earlier accounting of assets was under fixed Assets now it is PPE
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On 28 March 2022 at 13:55
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3145 Points Joined November 2020
Carrying amount meaning and some examples
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On 28 March 2022 at 13:56
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CFO- at NHTF
58280 Points Joined August 2012
Carrying amount means amount of PPE as per balance Sheet.

Cost - Accumulated depreciation or

WDV - Depreciation
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On 28 March 2022 at 14:02
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3145 Points Joined November 2020
For example I have a machinery worth RS 2,50,000 after the depreciation the assume amount is for example 55,000 means ....here the what is the carrying amount ??
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On 28 March 2022 at 14:06
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CFO- at NHTF
58280 Points Joined August 2012
55000/- is the carrying amount
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On 28 March 2022 at 14:08
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3145 Points Joined November 2020
Thank you eswar Reddy sir....
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On 28 March 2022 at 14:09
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28018 Points Joined May 2017
The assesse age is not mentioned here.So pls update the details.
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On 28 March 2022 at 14:24
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CFO- at NHTF
58280 Points Joined August 2012
Yeah.You are right if the assessee is senior citizens the BEL may shift to higher ceiling
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On 28 March 2022 at 14:32
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28018 Points Joined May 2017
Your salary is much below rs.2.4 lacs.
let me explain. I will advice you to file returns.
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On 28 March 2022 at 15:33
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CFO- at NHTF
58280 Points Joined August 2012
Tds is not applicable and also ITR filing is not required
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On 28 March 2022 at 15:38


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